The Congressional Budget Office has spoken: Tort Reforms would lower costs for heath care and would not create an increased risk to patient health. In fact, they’d lower costs and increase revenues. How much? About $54 billion over the next 10 years!
Where would the $54 billion come from? Not all of it would come out of the pockets of the unscrupulous Medical Malpractice plaintiffs. A good share of that money would be from reducing defensive medicine and lowering Medical Malpractice Insurance premiums. The simple fact is that frivolous lawsuits, (or more accurately, the costs of defending against them,) are sapping this country’s thin resources. So why aren’t our legislators fighting back?
Here’s an excerpt from the letter, which can be read in its entirety at http://www.cbo.gov/ftpdocs/108xx/doc10872/12-29-Tort_Reform-Braley.pdf:
“Studies by Kessler and McClellan, and by Sloan and Shadle found that state tort reforms had no significant effects on health. Similarly, a study by Baicker, Fisher, and Chandra found that there was no significant association between mortality and malpractice costs.”